12/31/2023 0 Comments Joe biden speech todayThe National Republican Congressional Committee, the House GOP's campaign arm, has launched efforts to target frontline Democrats on the issue on the political front, as senior Republicans have attacked the looming Democrat-only proposal as wholly unnecessary for an economy that has already been on the receiving end of trillions in emergency spending over the last 15 months. Senate Majority Leader Chuck Schumer, a New York Democrat, has also set a deadline for his members to coalesce around a second, Democrat-only proposal that forms the backbone of the most aggressive spending and investment proposal in a generation.īut the legislative deadlines come as there is evidence of growing concern around the country about inflation and a clear effort by Republicans to use the price increases as a weapon to try and sink Biden's push for his agenda. The bipartisan group instrumental in crafting the infrastructure framework has urgently worked over the last several days to reach a final agreement before a likely July 21 Senate procedural vote. It is, in a sense, an effort to flip the GOP argument against his proposals on its head - and directly counter an issue that Democrats on both sides of Pennsylvania Avenue have acknowledged could threaten Biden's legislative goals.įor the President, the remarks come at a critical moment for his $4 trillion economic agenda on Capitol Hill. We're making serious progress to ensure that it works the way it's supposed to work: For the good of the American people," Biden said at the White House.īiden used his scheduled economic remarks to tout a recovery that has seen a burst in growth and more than 3 million new jobs since he took office, as the country continues to dig out of a pandemic-driven economic shock that pushed the US economy to the brink.Īcross forecasts, the US is projected to hit growth rates that haven't been seen in decades - a point the White House attributes to intertwined $1.9 trillion Covid relief law and a vaccine distribution effort that has led to the full vaccination of more than 160 million Americans.īeyond the benefits the White House sees in the plans themselves from a direct policy perspective, Biden will argue his proposals are designed to increase the economy's capacity and thus decrease prices over time, a view that has driven the perspective inside the White House that rising prices should have no effect in shifting their legislative course. "It turns out capitalism is alive and very well. WASHINGTON - President Joe Biden on Monday directly addressed concerns that his sweeping economic agenda will serve as an accelerant to inflation amid growing concern about price hikes across the economic spectrum. President Joe Biden on Monday directly addressed concerns that his sweeping economic agenda will serve as an accelerant to inflation amid growing concern about price hikes across the economic spectrum.
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